Post
Topic
Board Altcoin Discussion
Re: IDEX is complying to KYC and other regulations
by
senyorito123
on 19/07/2019, 02:53:18 UTC
I read the announcement yesterday and I was shocked. I have known idex to be a semi-decentralized exchange but I didn't know it will get to these full centralized qualities. The question that begs for answer remains if cryptocurrency is gradually getting forced into centralization
It is hard to accept for some traders who likely enjoying the service being semi-decentralized exchange. In my own opinion it would be easier for them not to accept regulations for the dignity of the members in the community.

This implementation would rather take more time in order to be successful, and as mentioned that's not easy to do. Many traders wanted an anonymous identity in order to protect their personalities,  and now this plans surprises everyone here. I don't think long time traders can handle this and possibly customers will be reduced.